siliconindia | | October 20184A joint report by CREDAI and JLL mentions that India's real estate sector will reach $180 billion by 2020 from $126 bil-lion in 2015. The report further states that investment inflows in the housing sector since 2014 have been Rs.59,000 crore, which is about 47 percent of the total invested money in real estate, while the residential segment's contribution will almost double to 11 percent by 2020. The numbers are enough to tell about the increasing investments in the residential section. With India's economy growing tremendously, it brings more people to the upper middle class bracket who have more funds to invest in real estate properties, majorly as a future investment. On the other hand, increasing number of young professionals are pouring their savings into owning a residential property, even if it is at a place they don't reside. Also, the NRI investments in Indian real estate segment is witnessing a rise. But maintaining such properties from far-off places are a real task to accomplish. From finding renters to again finding renters and everything in between, there are so much a house owner needs to look after. Though existing in the global market since decades, the property management market has just started picking-up in India; thanks to such property owners. According to a global report by MarketsandMarkets, the global property management market size is projected to reach $22.04 billion by 2023, growing at a CAGR of 8.8 percent during the forecast period 2018-2023. With property management solutions and associated services empowering property managers and allied individuals to manage and maintain property related operations efficiently and cost-effectively, the market size will just swell. And the market in India is just poised at the right growth juncture. In our current issue of `20 Most Promising Property Management Service Providers - 2018', we bring to you the story of such property management companies whose solutions are hitting the right cord to offer the best suitable, bespoke solutions to their clients. Do let us know what you think! Anamika SahuManaging Editoreditor@siliconindia.comEditorialRelieving Your Property Management Pain siliconindia Vol 07 · Issue 3 - 3 · october 01, 2018 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Ananth.V Imelda Tarzarina John Roshan Anto Karthik Acharya Krupa P. Dave Shefali Mathur Sophia Rohtagi Srrayvinya OLM Sujith Vasudevan Sushruth R Trisha Pragya Younus Ahmad Dar VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindiamagazine.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2018 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers S Sivasankar Veena R Piddannavar Group Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran PerumalShivanshu Sekhar Patel Prangya Tripathi Kavita Ashwini D Naik
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